Bridge over ocean
17 January 2014 Multimedia

Corruption of Capitalism

Challenges to Sustainable Growth and Asset Allocations

  1. Richard Duncan

Richard Duncan, Chief Economist at Blackhorse Asset Management, discusses how over the years, capitalism has evolved into creditism; that is, growth is no longer driven by saving and investment but instead by credit creation and consumption. This shift has resulted in trade imbalances, which have destabilized the global economy by creating a worldwide credit bubble. Many governments are responding by lowering interest rates and inflating asset prices, hoping to prevent a depression. To be successful, investors will have to correctly anticipate these government responses.

We’re using cookies, but you can turn them off in Privacy Settings.  Otherwise, you are agreeing to our use of cookies.  Accepting cookies does not mean that we are collecting personal data. Learn more in our Privacy Policy.